Olena Rarytska | Teaching

Industrial Organization

• Taught: Fall, 2012 - Cornell

• Text: Industrial Organization: Contemporary Theory and Empirical Applications by Lynne Pepall, Dan Richards, George Norman

Course description: The course focus is on structure of markets and strategic interactions between firms. Topics include static and dynamic competition in oligopolies, price discrimination, cartels and other forms of collusive behavior, product differentiation, government interventions in imperfectly competitive markets. The main tools of analysis used are microeconomic and game theory.

Topics

1. Introduction and Basic Microeconomics

   • costs, competition, monopoly, market structure and market power

2. Monopoly strategies

   • price discrimination, product variety and bundling

3. Oligopoly Markets

   • game theory, Cournot competition, price competition, dynamic games and first and second movers

4. Anticompetitive strategies

   • limit pricing, entry deterrence, predatory conduct, price fixing, repeated games and collusion

5. Contractual relations between firms

   • mergers, vertical restrains

6. Other topics

   • advertising, R&D and patents, networks, auctions